Student loans: Will Congress’s remedy favor middle class over poor?Article from Christian Science Monitor:Student loans subsidized by the federal government will become more expensive soon unless Congress acts to keep interest rates low. But Pell grants, which benefit low-income students, also face cuts, analysts note. The surging student loan burden has the attention of President [...]
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Obama addresses student debt at Chapel HillArticle from Los Angeles Times: President Obama gave personal testimony on the experience of carrying burdensome college loans today, drawing a chorus of “Amens” from a student audience at the University of North Carolina at Chapel Hill. In a pitch for his latest legislative priority, Obama cited statistics about [...]
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England Student Debt Unprecedented as Government Shifts FundingArticle from Bloomberg: Enlarge image England Embraces Student Loans That Led U.S. to $ 1 Trillion Debt Christopher Furlong/Getty Images As the U.S. grapples with record-high college costs and outstanding student-loan debt of $ 1 trillion, England is embarking on a plan starting this year that shifts much [...]
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Staggering student debt weighs heavily on AmericansArticle from Turkish Press: 04-22-2012, 09h12 WASHINGTON (AFP) The cost of a US university degree has left people wide-eyed for decades but student debt has now mushroomed into a nightmare for Americans with potential to explode as the next major US financial crisis. Students at the University of Notre [...]
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Student Debt: Obama To Call On Congress To Prevent Student Loan Interest Rates …Article from Huffington Post: WASHINGTON — Pivoting to his latest election-year theme, President Barack Obama will go before college crowds in three swing states to warn of financial doom for millions of students if Congress does not halt a looming spike in [...]
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Law Student Debt Exceeds $ 100K Amid Job CrunchArticle from BusinessWeek: Law school graduates are leaving college with an average of $ 100,433 in debt at a time when new lawyers outnumber legal jobs, according to a survey from U.S. News & World Report. Graduates of California Western School of Law have an average of [...]
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Student debt worries riseArticle from Burlington Hawk Eye: By BECKY YERAK Chicago Tribune CHICAGO – Move over, mortgages. Get out of the way, Greece. Another economic doomsday scenario is emerging. Student loan debt has reached about $ 870 billion, exceeding credit cards and auto loans, and balances are expected to continue climbing, the Federal Reserve [...]
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Rise in defaults renews ‘student debt bomb’ warningsArticle from DesMoinesRegister.com: Iowa has the fourth-highest default rate on student loans, and the borrowers who are most likely to fall behind on loan repayments are years, if not decades, out of school, federal data show. While politicians and college officials often warn of the rising costs to [...]
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Student debt services and resourcesArticle from DesMoinesRegister.com: Universities and student loan organizations have developed counseling and education programs in recent years in response to growing concerns over student debt. Iowa Student Loan The nonprofit, which has loans out to more than 220,000 Iowans, launched the “Student Loan Game Plan” last year. Everyone who takes out [...]
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Student loan debt a growing threat to the economyArticle from Baltimore Sun:Move over, mortgages. Get out of the way, Greece. Another economic doomsday scenario is emerging. Student loan debt has reached about $ 870 billion, exceeding credit cards and auto loans, and balances are expected to continue climbing, the Federal Reserve Bank of New York [...]
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